Scoop has an Ethical Paywall
BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1395]
NZ still on track for gradual recovery after weak 4Q GDP
Thursday, 22 March 2012, 1:08 pm | BusinessDesk
March 22 (BusinessDesk) – New Zealand is still on track for a gradual economic recovery even though growth in the fourth quarter was half the pace expected and caused the kiwi dollar to shed almost half a US cent, economists say. More >>
MIDDAY UPDATE: NZ economy grows at half the expected pace
Thursday, 22 March 2012, 12:23 pm | BusinessDesk
March 22 (BusinessDesk) – The New Zealand economy grew at half the expected pace in the final three months of 2011 as a tepid manufacturing sector slowed the nation’s recovery. The kiwi dollar dropped on the news. More >>
NZ economy grows 0.3% in 4Q, half the expected pace
Thursday, 22 March 2012, 10:56 am | BusinessDesk
March 22 (BusinessDesk) – The New Zealand economy grew at half the expected pace in the final three months of 2011 as a tepid manufacturing sector slowed the nation’s recovery. The kiwi dollar dropped on the news. More >>
Talisman gold yields ‘conceptual’ at this stage: Heritage
Thursday, 22 March 2012, 10:17 am | BusinessDesk
March 22 (BusinessDesk) – Heritage Gold has moved to clarify its statement earlier this week about the prospects for the Talisman gold resource on the Coromandel Peninsula. More >>
Ports of Auckland back in talks, sticks to outsourcing plan
Thursday, 22 March 2012, 9:04 am | BusinessDesk
March 22 (BusinessDesk) – Ports of Auckland management has agreed to go back to the bargaining table with the Maritime Union of New Zealand but is sticking to its plan to contract out its stevedoring work. More >>
NZ dollar falls before GDP that may show slower growth
Thursday, 22 March 2012, 8:56 am | BusinessDesk
March 22 (BusinessDesk) – The New Zealand dollar fell before the release of fourth-quarter gross domestic product that’s expected to show the pace of growth has slowed, while the greenback gained against most major currencies. The New Zealand dollar fell to ... More >>
While you were sleeping: US home sales falter
Thursday, 22 March 2012, 7:33 am | BusinessDesk
March 22 (BusinessDesk) - Equities in Europe and on Wall Street slipped after a report showed sales of previously owned US houses unexpectedly dropped last month, fuelling concern that the pace of economic recovery falls short of recent gains in stock prices. More >>
Genesis Research bats away insolvency query from NZX
Wednesday, 21 March 2012, 5:59 pm | BusinessDesk
March 21 (BusinessDesk) – Genesis Research and Development, which is planning a ‘reverse takeover’ of Australian medical researcher Mariposa Health, has batted insolvency claims after getting a ‘please explain’ notice from NZX Market Supervision. More >>
MARKET CLOSE: NZ shares fall as Kathmandu profit disappoints
Wednesday, 21 March 2012, 5:51 pm | BusinessDesk
March 21 (BusinessDesk) - New Zealand shares fell after outdoor equipment retailer Kathmandu posted earnings that missed estimates, underlining the struggle store owners have in luring consumers. Telecom fell after shedding its dividend. More >>
NZ dollar pares decline on current account, euro hopes
Wednesday, 21 March 2012, 5:07 pm | BusinessDesk
NZ dollar pares loss on optimism Europe’s debt woes are receding; current account narrows More >>
NZ credit card spending rises for a third month, RBNZ says
Wednesday, 21 March 2012, 4:14 pm | BusinessDesk
March 21 (BusinessDesk) – New Zealand credit card spending rose for a third straight month in February, adding to signs that kiwis may be becoming a little less gloomy. More >>
Zespri banks on new gold kiwifruit strain to combat Psa
Wednesday, 21 March 2012, 3:21 pm | BusinessDesk
March 21 (BusinessDesk) – Zespri International, the legislated fruit marketing monopoly, is pinning its hopes on a new strain of gold kiwifruit to see off the vine bacteria that invaded local orchards in 2010. More >>
Nick Smith resigns all portfolios, citing two ACC letters
Wednesday, 21 March 2012, 2:32 pm | BusinessDesk
By Pattrick Smellie March 21 (BusinessDesk) – The government has lost one of its lynchpin Ministers, Nick Smith, who has resigned over two inappropriate letters written to a personal friend and ACC claimant while he was Minister in charge of the no-fault ... More >>
Smith resigns all ministerial portfolios
Wednesday, 21 March 2012, 2:12 pm | BusinessDesk
March 21 (BusinessDesk) – Embattled Local Government Minister Nick Smith has resigned all of his ministerial portfolios after coming under increasing pressure over his advocacy of an ACC claimant. More >>
Smith to hold press conference amid ACC letter controversy
Wednesday, 21 March 2012, 1:35 pm | BusinessDesk
March 21 (BusinessDesk) – Embattled Local Government Minister Nick Smith will hold a press conference at 1.45pm today ahead of Question Time where his advocacy of an ACC claimant has prompted calls for his resignation. More >>
Retirement Commissioner Crossan puts hand out for more cash
Wednesday, 21 March 2012, 1:14 pm | BusinessDesk
March 21 (BusinessDesk) – Retirement Commissioner Diana Crossan told the parliament’s social services committee she needs more money if her office is to increase the financial literacy of Maori and Pacific Islanders. More >>
From the Farm: Farmers vs state sector
Wednesday, 21 March 2012, 12:35 pm | BusinessDesk
March 21 (BusinessDesk) – A regular theme from New Zealand’s main lobby group for the rural sector, Federated Farmers, is the evils of big government at every level, but especially in Wellington. More >>
MIDDAY UPDATE: Current Account shrinks more-than-expected
Wednesday, 21 March 2012, 12:07 pm | BusinessDesk
March 21 (BusinessDesk) – New Zealand’s current-account deficit narrowed more than expected in the December on record exports of dairy products and lower dividends paid to overseas investors. More >>
NZ farewells a record 53,000 citizens moving to Australia
Wednesday, 21 March 2012, 11:20 am | BusinessDesk
March 21 (BusinessDesk) – New Zealanders continued to abandon their home country for Australia, with the speed of annual departures accelerating to a record 53,000 last month. More >>
No large capital demands looming for SOEs on the block
Wednesday, 21 March 2012, 11:08 am | BusinessDesk
No large capital demands looming for SOEs on the block March 21 (BusinessDesk) – Finance Minister Bill English is playing down the likely demands on the government to inject new capital into partially privatised energy companies in the near future, ... More >>
